India forecast annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of government's initial projection, dragged by a weaker manufacturing sector and slower corporate investments.

India’s government lowered its economic growth projection for the fiscal year to the weakest since the pandemic, with economists saying even that forecast may be too optimistic.

India's economy is expected to grow 6.4% in the current fiscal year ending March, the National Statistics Office said on Tuesday, below the initial government projection of 6.5%-7%. India has released its first advance estimates of gross domestic product (GDP),

India's GDP is projected to expand by 6.4% in the financial year 2024-25, a decline from the 8.2% growth recorded in FY24, according to government data released on Tuesday. The second quarter witnessed slower-than-anticipated growth at 5.

SBI projects India's GDP growth to be 6.3 per cent in FY25 with a downward bias due to challenges. This is below the previous year's estimate of 6.4 per cent and four-year low. Real GDP growth is expected to decelerate,

SBI revised India's FY25 GDP growth forecast to 6.3%, slightly below the NSO's 6.4%. The bank noted challenges including a slowdown in lending and manufacturing, with expectations for slower growth re